Fidelity Bank was incorporated in 1989 and has since grown into one of the biggest banks in Nigeria with a Net Asset of over US$4.2 billion (N1.4 trillion). Some banks are known for financing specific projects, Fidelity bank is known for financing huge oil and gas projects aside other retail and commercial banking activities.
Today we will be discussing about Fidelity bank’s salary structure for both entry level staff and other senior banking officers just like we have discussed in previous posts.
Daily we are faced with questions from individuals from different walks of life most especially graduates seeking employment in Fidelity bank and other new generation banks like what is Fidelity Bank salary structure for entry level? how much does Fidelity Bank pay their job seekers with 2 years and above experience? How much does Fidelity Bank pay entry level fresh graduates? What is Fidelity Bank Salary scale like? these and many other related questions as regards Fidelity Bank salary structure will be discussed here today.
Fidelity Bank is rated among the list of top 10 highest paying banks in Nigeria and their salary structures this feat alone states that the bank is a major player in the banking industry not just in terms or affairs but welfare of staff ranging from Entry Level to senior executive level.
Fidelity Bank has over the years maintained a high salary structure for staff, both junior and senior banking officers (SBOs), thanks to their Human resource management team.
Fidelity Bank actually pays well. Their salary for entry level is in six (6) figures, Senior banking executives are paid as much as 550,000 Naira and above excluding bonuses and other profit sharing that are accrued to staff, the table below explains in details, how much Fidelity Bank pay both core staff and contract staff.
This article will be more vital for not just fresh graduates seeking employment into Fidelity Bank but also, experienced workers from other banks who have one reason or the other to make a switch to Fidelity Bank since this post harps succinctly on Fidelity Bank Salary structures for fresh entry level graduates and experienced positions.
Fidelity Bank like Stanbic IBTC bank has a policy of making use of Direct Sales Agents for its marketing positions, these category of employees (contract staff) are paid peanuts. Fidelity Bank salary for contract staff generally is embarrassing, all contract staff are paid 25,000 Naira monthly for the tedious responsibility and the negative side of this is that there are no rooms for promotion.
Without undergoing proper findings as to what Fidelity Bank pay their staff, when you are called up for interviews at Fidelity Bank and asked ‘What is your salary expectation from Fidelity Bank?’ at this stage, you are left completely confused as regards the exact amount to mention when quizzed.
In as much as you do not want to scare your interviewer away with a high salary expectation knowing you practically do not have the required experience for the job especially for positions that require more than the number of years of experience you have gathered so far, you also will not want to feel cheated and under paid so you are left in dilemma as to what exact figure to call.
This article will help you cross that bridge effectively without hassles. During an interview session, giving the right answers to questions asked overrides the so called required experience needed for the job because you already are being quizzed for the position in which you applied for.
From statistics, 70% to 80% of job seeker tend to price themselves lower than their actual worth in order to stand a better chance of being called for the job and in the long run, this will have a retrogressive effect on their jobs and overall performance of the staff because job dissatisfaction sets in based on the salary scale being placed on.
The above become history when the job applicant is properly armed with the right information as regards how much Fidelity Bank pay their entry level staff and even the SBOs (Senior Banking Officers).
Fidelity Bank salary structure as discussed earlier so far ranks among one of the best so if you are thinking of applying for a job there, you are good to go. In as much as they pay well, you will agree with me that the responsibilities attached to working in the bank plus employee rate turn over is high, therefore you must be up and doing if you must retain your job.
We have heard cases of inhumane treatment of bank staff by the management, in as much as Fidelity Bank isn’t left out as this is a common practice among banks in Nigeria, they still are one of the recent active players in employment market and they must be given due recognition for this.
In summary, Fidelity Bank salary structure for fresh entry level graduate is quite encouraging though could still be improved upon but bear it in mind the responsibilities attached to this job is quite demanding therefore, get your mind prepared.
How Much Does Fidelity Bank Pay Their Graduate Trainee?
Upon gaining employment as a graduate in Fidelity Bank, like other banks like Access, Stanbic IBTC. Zenith bank, First bank and other new generation banks, you will be required to attend a compulsory four (4) months Fidelity Bank bank training school.
The training incorporates both theoretical, practical and real life training which gets the newly employed prepared for the task ahead and adjust with the internal workings of the bank.
Towards the end of the 4 months compulsory training, all trainees will be sent on a two weeks compulsory attachment with various Fidelity Bank branches within the city and upon completion of the training, successful trainees are selected while the unsuccessful are sent packing.
During this period, Fidelity Bank pay their Graduate Trainees N40,000 monthly for the period of 4 months, this is to cater for their transport majorly as they are fed by the bank during the training session
How Much Does Fidelity Bank Pay Their Entry Level Staff?
Now we are here, the crux of the article where we are about to expose what Fidelity Bank salary structure for Entry level staff is all about. Those who have friends or relatives working with Fidelity Bank would find this very interesting to know, don’t worry, keep calm as we are about to wet your appetite.
Fidelity Bank Monthly Salary Structure 2023
So as discussed above, Fidelity Bank as at today has one of the best salary structure for fresh graduates (Entry Level Staff).
Fidelity Bank pay 140,000 Naira for Entry Level staff and this is excluding other bonuses and profit sharing usually carried out towards their financial year end. Most companies have their respective financial year end, it does not necessarily have to be traditionally 31st of December, it is calculated differently.
Fidelity Bank Salary Structure For Entry Level Staff
|Management Level||Fidelity Bank Monthly Salary||Fidelity Bank Annual Salary Scale|
|Entry Level Staff||N95,000||N1,140,000|
Fidelity Bank Salary Structure For Contract Staff
|Management Level||Fidelity Bank Monthly Salary Scale||Fidelity Bank Annual Salary Scale|
|Contract Staff Salary Scale (DSA)||N25,000||N300,000|
The salary structure above is still active and running the above still in force, we hope this was informative enough and should you be in a position where you are quizzed how much Fidelity Bank pay their entry level staff or senior banking officers, your contribution would hold waters based on the above information so far.
Kindly note that your opinion as regards the above matters to us, also, any information at your disposal related to Fidelity Bank salary structure would be much appreciated from other readers and individuals seeking information related to the salary range for the above positions.